tax credits

Special Session / Tax Credits / Aerotropolis
11:15 am
Thu September 8, 2011

Mo. Senate delays debate on business incentives

Lambert-St. Louis International Airport in St. Louis.
(via Flickr/dbking)

The Missouri Senate has postponed debate on the massive tax credit bill which includes $360 million for a cargo hub at Lambert Airport in St. Louis.

Debate was set to begin this morning, but some senators asked President Pro-tem Rob Mayer (R, Dexter) for more time to read the 268-page bill, which he granted.

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St. Louis Public Radio on Marketplace
9:39 am
Tue September 6, 2011

Popular Mo. historic tax credit faces budget ax

The Kinloch Building in St. Louis, originally built by the Kinloch Telephone Company. The building on the site now is the Farm and Home building at 1001 Locust St.
(U.S. Dept. of the Interior/National Register of Historic Places) http://dnr.mo.gov/shpo/nps-nr/08001025.pdf

As today marks the beginning of this year's special session in the Missouri legislature, this story from our own Adam Allington, which aired on Marketplace yesterday is especially pertinent.

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Housing Tax Credits / Joplin / Tornado
11:39 am
Thu August 25, 2011

Mo. housing panel approves tax credits for Berkeley, Joplin, those with special needs

Mo. Gov. Jay Nixon gets a tour of a damaged neighborhood by Berkeley, Mo. Mayor Kyra Watson in St. Louis on April 23, 2011. A tornado hit the region on April 22 damaging or destroying over 750 homes and buildings.
(UPI/Bill Greenblatt)

Updated at 12:38 p.m. with information on tax credits for those with special needs

Reporting from KCUR's Elana Gordon used in this report.

Missouri's low-income housing agency has approved $100 million in tax credits to help rebuild Joplin and the St. Louis County community of Berkeley after they were hit by tornadoes earlier this year.

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Pending special session
5:41 pm
Tue August 16, 2011

Letter to Mo. Gov. Nixon calls for special session date, criticizes exclusion of tax credit

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Republican leaders of the Missouri General Assembly are criticizing Democratic Governor Jay Nixon’s decision to exclude land assemblage tax credits from the special session planned for next month.

In a letter to Nixon, House Speaker Steven Tilley (R, Perryville) and Senate President Pro-tem Rob Mayer (R, Dexter) said that his “personal agenda against an individual developer (Paul McKee)...has no place in this debate and should not impact the overall priority of tax credit reform.”

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Historic Preservation tax credits
5:34 pm
Thu July 21, 2011

Historic Preservation tax credits to be cut nearly in half as part of Mo. special session

(UPI/Bill Greenblatt)

The economic development deal struck by lawmakers will cut one of Missouri’s most popular tax credits nearly in half.

The deal between House and Senate leaders would cut the amount of Historic Preservation tax credits issued each year from $140 million down to $80 million.

Ruth Keenoy with the non-profit Landmark Associates of St. Louis, Inc., says the smaller cap would be detrimental to Missouri’s economy.  She wants the incentives to be left as-is.

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Special Session / Tax Credits / Aerotropolis
2:17 pm
Thu July 21, 2011

Nixon outlines plans for 2011 special session

Mo. Gov. Jay Nixon.
(Marshall Griffin/St. Louis Public Radio)

Updated 3:46 p.m.

St. Louis business leaders are praising a move by state lawmakers and the governor to take up a broad-ranging package of economic incentives.

Governor Nixon announced Thursday that he will call a special session in September to talk address jobs and economic development

Chief among the package is $360 million in tax incentives for Lamber-St. Louis International Airport.

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Tax Credits / Aerotropolis
2:24 pm
Wed July 20, 2011

GOP lawmakers reach agreement on business incentives, Nixon to call special session

Lambert-St. Louis International Airport in St. Louis.
(via Flickr/dbking)

Updated 5:26 p.m. with further detail and comment from lawmakers

Updated 2:24 p.m. with statement from office of Gov. Nixon on special session

A statement issued today from Scott Holste, a spokesperson for Mo. Gov. Jay Nixon, announces that the governor will call the Missouri legislature into special session.

The date of the special session has not been determined.

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MO Statehouse
2:40 pm
Fri July 8, 2011

Tilley: "Thanks, but no thanks" to jobs bill meeting

Missouri House of Representatives Speaker Steven Tilley.
(Marshall Griffin/St. Louis Public Radio)

At least one Missouri legislative leader is so far saying "no" to Governor Jay Nixon's proposed top-level meeting to forge a jobs bill

House Speaker Steven Tilley said any such meeting would be premature while the House and Senate remain at odds over tax credit reform.

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MO Statehouse / Jobs
4:32 pm
Thu July 7, 2011

Nixon to invite Mo. lawmakers to meeting to work on jobs bill

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Governor Jay Nixon (D) is planning to host a meeting next week with Missouri lawmakers to broker an agreement on an economic development bill.

The State House and Senate adjourned in May without passing legislation that would have created several new tax breaks, among them a proposal that would have provided $360 million in incentives to transform Lambert Airport in St. Louis into an international air cargo hub.

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Preservation / St. Louis Board of Aldermen
5:33 pm
Wed June 29, 2011

Del Taco gets hearing before St. Louis Board of Aldermen

Del Taco, Grand Boulevard
Adam Allington St. Louis Public Radio

A taco stand shaped like a giant flying saucer was the subject of heated debate at the St. Louis City Board of Aldermen on Wednesday.

The board’s Housing, Urban Development and Zoning Committee approved a tax abatement bill which could move North Grand’s Del Taco one step closer to demolition.

The iconic gas station turned fast-food joint has become a cause célèbre among local preservationists.

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